MCA

Mendon Capital Advisors Portfolio holdings

AUM $283M Turnover 26.32%
1-Year Est. Return 40.56%
This Fund
S&P 500
This Quarter Est. Return
-2.04%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$200M
AUM Growth
-$104M
Cap. Flow
-$90.1M
Cap. Flow %
-45.03%
Top 10 Hldgs %
36.83%
Holding
115
New
15
Increased
13
Reduced
52
Closed
28
Avg Time Held Equity + Options
0.7 years
Top 10 Avg Time Held Equity + Options
0.6 years
Top 20 Avg Time Held Equity + Options
0.4 years
Avg Time Held Equity only
0.7 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
OPB
Opus Bank Common Stock
OPB
+$5.1M
2
HTB icon
HomeTrust Bancshares
HTB
+$4.66M
3
BANC icon
Banc of California
BANC
+$2.14M
4
USB icon
US Bancorp
USB
+$2.09M
5
SHBI icon
Shore Bancshares
SHBI
+$2.03M

Top Sells

Rank Stock Value
1
ISBC
Investors Bancorp, Inc.
ISBC
+$14.3M
2
FUBC
1st United Bancorp (Florida)
FUBC
+$9.04M
3
SCHW icon
Charles Schwab
SCHW
+$6.56M
4
COWN
Cowen Inc. Class A Common Stock
COWN
+$5.02M
5
OABC
OMNIAMERICAN BANCORP INC COM STK (TX)
OABC
+$3.85M

Sector Composition

Rank Sector Weight
1 Financials 67.92%
2 Miscellaneous 28.27%
3 Real Estate 3.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
HTB icon
1
HomeTrust Bancshares
HTB
$759M
$11.6M 5.78%
733,321
+301,331
+70% +$4.66M
2013 Q3
3 quarters
CNOB icon
2
DELISTED
CONNECTONE BANCORP INC
CNOB
$10.2M 5.1%
204,532
-5,443
-3% -$264K
2013 Q2
4 quarters
MTB icon
3
M&T Bank
MTB
$31.2B
$9.92M 4.96%
80,000
– –
2013 Q2
4 quarters
YDKN
4
DELISTED
Yadkin Financial Corporation
YDKN
$9.77M 4.88%
518,450
-186,592
-26% -$3.59M
2013 Q2
4 quarters
SSB icon
5
SouthState Bank Corp
SSB
$9.62B
$6.71M 3.35%
110,000
-40,000
-27% -$2.37M
2013 Q3
3 quarters
ISBC
6
DELISTED
Investors Bancorp, Inc.
ISBC
$5.53M 2.76%
500,000
-1,345,476
-73% -$14.3M
2013 Q2
4 quarters
SBCF icon
7
Seacoast Banking Corp of Florida
SBCF
$3.06B
$5.33M 2.66%
490,109
-223,950
-31% -$2.38M
2013 Q2
4 quarters
OPB
8
DELISTED
Opus Bank Common Stock
OPB
$4.95M 2.47%
+170,380
New +$5.1M
2014 Q2
0 quarters
BANC icon
9
Banc of California
BANC
$2.69B
$4.91M 2.45%
450,000
+187,849
+72% +$2.14M
2013 Q2
4 quarters
COWN
10
DELISTED
Cowen Inc. Class A Common Stock
COWN
$4.83M 2.41%
285,817
-304,443
-52% -$5.02M
2013 Q2
4 quarters
RC icon
11
Ready Capital
RC
$177M
$4.82M 2.41%
290,000
-50,000
-15% -$823K
2013 Q2
4 quarters
BNCN
12
DELISTED
BNC Bancorp
BNCN
$4.03M 2.01%
236,116
+16,253
+7% +$276K
2013 Q2
4 quarters
ASBB
13
DELISTED
ASB Bancorp Inc
ASBB
$4.03M 2.01%
191,957
-155,301
-45% -$2.96M
2013 Q2
4 quarters
WFC icon
14
PUT
Wells Fargo
WFC
$243B
$3.94M 1.97%
75,000
-25,000
-25% -$1.26M
2013 Q3
3 quarters
VSB
15
DELISTED
VANTAGESOUTH BANCHARES, INC
VSB
$3.79M 1.89%
636,713
-168,440
-21% -$1.03M
2013 Q2
4 quarters
ABCB icon
16
Ameris Bancorp
ABCB
$5.24B
$3.45M 1.72%
160,000
+20,000
+14% +$432K
2013 Q2
4 quarters
LTXB
17
DELISTED
LegacyTexas Financial Group Inc
LTXB
$3.29M 1.65%
122,337
+50,000
+69% +$1.31M
2014 Q1
1 quarter
NTRS icon
18
PUT
Northern Trust
NTRS
$29.8B
$3.21M 1.6%
+50,000
New +$3.08M
2014 Q2
0 quarters
BAC icon
19
Bank of America
BAC
$359B
$3.08M 1.54%
200,600
+50,000
+33% +$777K
2013 Q2
4 quarters
STBZ
20
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
$3.05M 1.52%
180,180
+80,180
+80% +$1.34M
2013 Q2
4 quarters
ALL icon
21
PUT
Allstate
ALL
$59.7B
$2.94M 1.47%
+50,000
New +$2.88M
2014 Q2
0 quarters
LION icon
22
DELISTED
Fidelity Southern Corporation
LION
$2.94M 1.47%
225,980
+85,520
+61% +$1.15M
2013 Q2
4 quarters
ACFC
23
DELISTED
Atlantic Coast Financial Corporation
ACFC
$2.91M 1.45%
716,713
-563,728
-44% -$2.34M
2013 Q4
2 quarters
CSFL
24
DELISTED
CenterState Bank Corporation Common Stock
CSFL
$2.84M 1.42%
254,010
-62,333
-20% -$676K
2013 Q4
2 quarters
BNY icon
25
PUT
Bank of New York Mellon
BNY
$93.4B
$2.81M 1.4%
75,000
-225,000
-75% -$7.78M
2013 Q4
2 quarters
1
2 3 4 5

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OCFG
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Mendon Capital Advisors's Q2 2014 Portfolio in Review

As of Q2 2014, Mendon Capital Advisors held 115 positions worth $200M, down 34% from $304M the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Mendon Capital Advisors withdrew a net $90.1M in Q2 2014, closing 28 positions and reducing 52 holdings. Its most notable exit was Charles Schwab, an estimated $6.56M position sold in full.

By sector, the portfolio is most concentrated in Financials at 68% of assets, up from 63% a quarter earlier, followed by Miscellaneous and Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Opus Bank Common Stock worth $4.95M.

  • Mendon Capital Advisors's largest Q2 2014 buy was Opus Bank Common Stock: 170,380 shares worth $4.95M.
  • Mendon Capital Advisors added most to HomeTrust Bancshares in Q2 2014, an estimated $4.66M increase.
  • Mendon Capital Advisors's biggest Q2 2014 reduction was Investors Bancorp, Inc., cutting an estimated $14.3M.
  • Mendon Capital Advisors fully exited Charles Schwab in Q2 2014, selling an estimated $6.56M.
  • Mendon Capital Advisors's ten largest holdings make up 37% of its $200M portfolio in Q2 2014.
  • Mendon Capital Advisors opened 15 new positions and closed 28 in Q2 2014.
  • Mendon Capital Advisors's portfolio value fell 34% quarter-over-quarter to $200M.

Based on Mendon Capital Advisors's 13F filing for Q2 2014, filed 12 Aug 2014.